PCAOB Chairman James Doty is preparing to leave the audit regulatory board. A specific date for his departure was not given — Doty plans to remain in office while the SEC searches for his successor.Read Full Article →

August 14, 2017 A district court has held that a provision of the U.S.-Canada treaty, under which Canada offsets Canadian tax refunds against the unpaid U.S. tax liability of taxpayers, is not unconstitutional under the Eighth Amendment or the Due Process clause of the Fifth Amendment. The court also held that the taxpayer lacked standing [...]Read Full Article →

(Reuters) - The White House plans to release a brief document in early- to mid-September outlining a framework for overhauling the U.S. tax code, according to three sources familiar with the matter.Read Full Article →

SAN FRANCISCO (Reuters) - Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business.Read Full Article →

In a private letter ruling, IRS has ruled that, where a taxpayer allocated his generation-skipping transfer (GST) tax exemption on the proper schedule of Form 709, but didn't attach the required Notice of Allocation, he nonetheless made a proper election out of the automatic GST exemption allocation rules.Read Full Article →

WASHINGTON (Reuters) - A plan by President Donald Trump and congressional Republicans to slash taxes on so-called pass-through businesses is testing lawmakers' ability to design rules to prevent wealthy people from dodging taxes by paying a lower rate meant to help small businesses grow.Read Full Article →